Tesla loses more ground in Europe, while BYD makes gains

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Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

The fall in sales is particularly alarming considering Tesla recently launched a new Model Y vehicle, the kind of release that would typically attract more consumers. A closer look at car sales in the region shows that Tesla competitors have not experienced the same…



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Tesla loses more ground in Europe, while BYD makes gains


Tesla sales in Europe and the U.K. have fallen by nearly half, according to data released Tuesday by the European Automobile Manufacturers Association. In April, Tesla sold 7,261 vehicles in the European Union, European Free Trade Association, and U.K., a 49% year-over-year decline.

The fall in sales is particularly alarming considering Tesla recently launched a new Model Y vehicle, the kind of release that would typically attract more consumers. A closer look at car sales in the region shows that Tesla competitors have not experienced the same…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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